Lantronix has priced an offering of 4.17 million shares at $7.20 each, raising approximately $30 million.
Quiver AI Summary
Lantronix, Inc. has announced an underwritten offering of 4,166,667 shares of common stock priced at $7.20 per share, aiming to raise approximately $30 million before expenses. The offering is entirely conducted by Lantronix, which has also given underwriters a 30-day option to purchase an additional 625,000 shares. The deal is expected to close around June 1, 2026, pending standard closing conditions. Needham & Company and Canaccord Genuity are serving as joint bookrunners for the offering, which is conducted under a shelf registration statement that was approved by the SEC. The company emphasizes its role as a provider of Edge AI and Industrial IoT solutions and notes that this press release does not constitute an offer to sell securities in any jurisdiction where it would be unlawful.
Potential Positives
- The offering of 4,166,667 shares of common stock at $7.20 per share will raise approximately $30 million in gross proceeds, providing significant capital for further growth and operations.
- The granting of a 30-day option for underwriters to purchase an additional 625,000 shares may indicate strong market interest and confidence in the company's stock.
- The press release highlights Lantronix's position as a global leader in Edge AI and Industrial IoT solutions, reinforcing its brand image and market relevance in high-growth sectors.
Potential Negatives
- The pricing of the common stock offering at $7.20 per share may suggest a discount compared to the company's recent trading price, which could indicate a lack of confidence from investors or pressure to raise capital.
- The issuance of additional shares may cause dilution of existing shareholders' equity, which could negatively impact their ownership percentage and the stock's market value.
- The press release highlights reliance on the market conditions and customary closing conditions, introducing uncertainty regarding the successful completion of the offering.
FAQ
What is the share price of Lantronix's recent offering?
The recent offering by Lantronix is priced at $7.20 per share.
How many shares is Lantronix offering?
Lantronix is offering 4,166,667 shares of its common stock.
When is the expected closing date for the offering?
The offering is expected to close on or about June 1, 2026.
Who are the joint bookrunners for this offering?
Needham & Company and Canaccord Genuity are acting as joint bookrunners for the offering.
Where can I find the final prospectus for the offering?
The final prospectus will be available on the SEC's website and through the underwriters.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LTRX Insider Trading Activity
$LTRX insiders have traded $LTRX stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LTRX stock by insiders over the last 6 months:
- MATHI GURUSAMY (Chief Product & Strategy Ofcr) sold 14,467 shares for an estimated $89,840
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$LTRX Revenue
$LTRX had revenues of $30.2M in Q3 2026. This is an increase of 5.88% from the same period in the prior year.
You can track LTRX financials on Quiver Quantitative's LTRX stock page.
You can access data on LTRX stock through the Quiver Quantitative API.
$LTRX Hedge Fund Activity
We have seen 65 institutional investors add shares of $LTRX stock to their portfolio, and 36 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HEARTLAND ADVISORS INC removed 700,000 shares (-43.8%) from their portfolio in Q1 2026, for an estimated $3,668,000
- MANATUCK HILL PARTNERS, LLC added 440,600 shares (+881.2%) to their portfolio in Q1 2026, for an estimated $2,308,744
- JACOBS LEVY EQUITY MANAGEMENT, INC added 403,645 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,115,099
- ESSEX INVESTMENT MANAGEMENT CO LLC added 342,489 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,794,642
- MORGAN STANLEY added 329,489 shares (+238.6%) to their portfolio in Q1 2026, for an estimated $1,726,522
- DIMENSIONAL FUND ADVISORS LP removed 297,082 shares (-27.1%) from their portfolio in Q1 2026, for an estimated $1,556,709
- ACADIAN ASSET MANAGEMENT LLC added 291,203 shares (+383.3%) to their portfolio in Q1 2026, for an estimated $1,525,903
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$LTRX Analyst Ratings
Wall Street analysts have issued reports on $LTRX in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Needham issued a "Buy" rating on 02/06/2026
To track analyst ratings and price targets for $LTRX, check out Quiver Quantitative's $LTRX forecast page.
$LTRX Price Targets
Multiple analysts have issued price targets for $LTRX recently. We have seen 2 analysts offer price targets for $LTRX in the last 6 months, with a median target of $8.25.
Here are some recent targets:
- Ryan Koontz from Needham set a target price of $8.5 on 02/06/2026
- Jaeson Schmidt from Lake Street set a target price of $8.0 on 12/11/2025
Full Release
IRVINE, Calif., May 29, 2026 (GLOBE NEWSWIRE) -- Lantronix, Inc. (Nasdaq: LTRX), a global provider of Edge AI and Industrial IoT solutions that power NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced the pricing of an underwritten offering of 4,166,667 shares of common stock at an offer price of $7.20 per share, for gross proceeds of approximately $30 million, before deducting underwriting discounts and commissions and other estimated offering expenses. All shares of common stock are being offered by Lantronix. In addition, Lantronix has granted the underwriters a 30-day option to purchase up to an additional 625,000 shares of its common stock at the offering price for the common stock, less underwriting discounts and commissions. The offering is expected to close on or about June 1, 2026, subject to the satisfaction of customary closing conditions.
Needham & Company and Canaccord Genuity are acting as joint bookrunners on the offering.
The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-284749) that was declared effective by the Securities and Exchange Commission (“SEC”) on February 19, 2025. A final prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. Electronic copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov and may also be obtained, when available, by contacting Needham and Company, LLC, Attention: 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, by telephone at (800) 903-3268 or by email at [email protected] or Canaccord Genuity LLC, Attn: Syndication Department, 1 Post Office Square, 30th Floor, Boston, MA 02109, or by email at [email protected] .
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction.
About Lantronix
Lantronix Inc. (Nasdaq: LTRX) is a global leader in Edge AI and Industrial IoT solutions, delivering intelligent computing, secure connectivity and remote management for mission-critical applications. Serving high-growth markets, including smart cities, enterprise IT and commercial and defense unmanned systems, including drones, Lantronix enables customers to optimize operations and accelerate digital transformation. Its comprehensive portfolio of hardware, software and services powers applications from secure video surveillance and intelligent utility infrastructure to resilient out-of-band network management. By bringing intelligence to the network edge, Lantronix helps organizations achieve efficiency, security and a competitive edge in today’s AI-driven world. For more information, visit the Lantronix website.
Safe Harbor Statement
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking statements within the meaning of federal securities laws, including statements regarding the expected closing of the offering, the anticipated timing of the closing, and the potential exercise of the underwriters’ option to purchase additional shares. These forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied by such statements, including, but not limited to, market conditions, the satisfaction of customary closing conditions, and other risks described in Lantronix’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent SEC filings. Investors are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements speak only as of the date made, and Lantronix undertakes no obligation to update them except as required by law.
Lantronix Media Contact:
[email protected]
949-212-0960
Lantronix Analyst and Investor Contact:
[email protected]
949-574-3860
